In many Internet commerce applications buyers can easily achieve anonymity, limiting what a seller can learn about any buyer individually. However, because sellers need to keep a fixed web address, buyers can probe them repeatedly or pool their information about sellers with the information...

Capital markets perform two distinct functions: provision of capital and facilitation of good governance through information production and monitoring. I argue that the governance function has more impact on the efficiency with which resources are utilized within the firm. Based on industry...

Advocates of financial regulation, Arestis and Demetriades, argue that financial liberalisation does not impact on financial market efficiency and the allocation of investment. Results in this study find that Czech, Hungarian and Polish firms are subject to scrutiny when applying for credit. The...

The Czech Republic, Hungary and Poland all experienced an initial reduction in the number of industries and an increase in unemployment, once they moved to a market driven economy. Over time the unemployment problem reduced in significance though Poland still experiences high levels to date....

Results support Arestis’s theory, that low real interest rates do not prevent economic growth (though he related it to the regulation debate). Here in the deregulation environment, it also stands. Results also support Shaw’s assertion that financial liberalisation increases the monetary...

Capital markets perform two distinct functions: provision of capital and facilitation of good governance through information production and monitoring. I argue that the governance function has more impact on the efficiency with which resources are utilized within the firm. Based on industry...

This essay surveys macroeconomic issues that marked the transition from centrally planned to market economy in Central and Eastern European and former Soviet Union countries. We first establish a set of stylized facts of the transition so far, namely: (1) output fell, (2) capital shrank, (3)...

The main purpose of this research is to analyze the impact of the urbanization toward economic growth in Indonesia wholly in particular in the provinces in Indonesia. Ordinary Least Square (OLS) method is used to analyze time series data and cross section data. Time series data is used to...

Am 2. Februar 2005 hat die Europäische Kommission den Neustart der Lissabon-Strategie für die Europäische Union (EU) verkündet. Diese Strategie soll die Grundlage bilden für die Bewältigung des dringenden Bedarfs der EU an mehr Wirtschaftswachstum, Arbeitsplätzen und Wettbewerbsfähigkeit...

Historically, scholars of economic growth have focused almost exclusively on aggregate output or income as a way to assess the standard of living in a society. The purpose of this dissertation is to supplement and challenge this methodology by using evidence of the biological standard of living...